A function of creating something new for an economic activity. Answer in a word / phrase / term.
Answers
A function of creating something new for an economic activity is known as Production.
Production may be of goods or services and the purpose of production is to facilitate activities that can be measured n terms of money and allow for a business concern to achieve its objective of earning profits and staying profitable.
Restoring is a component of making something new for a financial action.
The essential area of the economy concentrates or reaps items from the earth, for example, crude materials and fundamental nourishment.
Monetary exercises are identified with generation, dissemination, trade and utilization of merchandise and ventures.
The essential point of the monetary movement is the generation of merchandise and enterprises with a view to make them accessible to customer.
Exercises related with essential financial movement incorporate farming, mining, ranger service, touching, chasing and assembling, angling, and quarrying.